SM, GRI set sustainability agenda

SM Investments Corp. partnered with the Global Reporting Initiative (GRI) in this year’s GRI-SM Asean Sustainability E-Summit held on October 21 and 22.

The two-day E-summit with the theme “Leaving No One Behind Private Sector in Solidarity for Sustainable COVID-19 Recovery and Delivering the SDGs (Sustainable Development Goals)” set the sustainability agenda for 2022 to mitigate the devastating effects of climate change on the planet with the help of its new generation of leaders and by recognizing the lessons business giants learned in the 19 months since the COVID-19 pandemic was declared globally.

Business and sustainability leaders across Asean caught a glimpse of how SM Supermalls was able to simultaneously operate and prioritize the well-being of its internal and external stakeholders, including the communities in which their businesses stand.

SM Supermalls has continued to ramp up its use of renewable energy. In August, SM completed a series of solar panel projects, with a total of 8 malls with solar power in the following locations: the Mall of Asia in Pasay City, Cauayan, Cabanatuan, Iloilo, Tuguegarao, Trece Martires, and Bacoor in Cavite, and Seaside City Cebu.

SM is also working its way to divert plastic waste from oceans and landfills by initiating collection programs in its malls scattered in the country that have become venues to collect empty, clean and dried plastic waste, bringing these closer to customers and communities..

SM malls nationwide established collection areas for electronic waste that will be processed and segregated.

Source: Malaya Business Insight